ONGPL Acquires Ayana in Landmark INR 19,500 Renewable Energy Deal Updated On Wed, Feb 12th, 2025 by Saurenergy India’s largest oil and gas producer Oil and Natural Gas Corp (ONGC) and nation’s biggest power company NTPC acquired renewable energy firm Ayana through their joint venture ONGC-NTPC Green Pvt Ltd (ONGPL), for an enterprise value of INR 19,500 crore (USD 2.3 billion). ONGPL has signed a share purchase agreement with the current stakeholders National […] Read more
Green Stocks Feb 12: A Brake On The Slide? Updated On Wed, Feb 12th, 2025 by Saurenergy On a day when the markets gyrated wildly, a late recovery in the markets couldn’t quite pull all the beaten down green stocks back. While the wind energy firms in our pack did end in the green, it was the solar manufacturers that made the most of the recovery ad well. For the developers and […] Read more
Gensol Q3-9 Month Revenues Up 42% Updated On Wed, Feb 12th, 2025 by Saurenergy Gensol Engineering Limited, one of the oldest players in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC) services, along with electric mobility solutions, announced its unaudited consolidated financial results for the quarter & nine months ended December 31st, 2024 (Q3 & 9M FY25). Consolidated Financial Summary: Particulars (₹ in Crore) Q3 […] Read more
Green Stocks Feb 11: Meltdown Continues, In Sync With market Updated On Tue, Feb 11th, 2025 by Saurenergy Green stocks continued their slide towards normalcy, at the cost of heavy losses for many investors, as the Indian markets continued to be skittish. While the current bout of weakness can be attributed mostly to the fear of a global tariffs war, ignited by Donald Trump, the larger worry is about how a tariffs-ridden global […] Read more
Solar Developer Gets Relief At APTEL On SCOD Extension Updated On Tue, Feb 11th, 2025 by Saurenergy Solaire Urja Private Limited, a Pune based solar developer appears to have got some much needed relief at APTEL, after the Appellate Tribunal chose to go with the developer’s contention on a case that was gone the other way at CERC. Case Overview: Solaire Surya Urja had gone to APTEL to challenge the order by […] Read more
Green Stocks Feb 10: No Respite On Another Tough Day Updated On Mon, Feb 10th, 2025 by Saurenergy With small caps and mid-caps coming in for some special selling, most of our green caps, which fall into either of the categories, suffered today. As we have said earlier, for some time now, the fate of these stocks is inextricably linked to the broader markets, making a revival very tough without a broader recovery. […] Read more
Green Stocks Feb 7: Drift Is the Theme For Green Stocks On An Eventful Day Updated On Fri, Feb 7th, 2025 by Saurenergy With the RBI finally pushing a rate cut through after almost 5 years, the stock markets disappointed many investors by staying range-bound with a downward bias. For green stocks as well, the news of lower rates should augur well for the long term, especially considering the early signs of price pressures from the ALCM or […] Read more
Green Stocks Feb 6: Performance Matters Is the Only Mantra, As KPI Green Shines Updated On Thu, Feb 6th, 2025 by Saurenergy With a sterling 60% growth in topline and 80% plus in the bottom line, KPI Green was one of the few stocks to withstand another day of selling pressure among our green stocks today. Almost all other stocks other than Borosil Renewables, felt the pressure, dropping slightly, appreciably, or barely staying in the green like […] Read more
Renewable Energy Tariffs Drop 50% Since FY 2013-14: Govt Updated On Thu, Feb 6th, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) said that renewable energy tariffs in the country have gone down up to 50% since 2013-14. The information was furnished by the ministry before the Parliament in a written reply. Mentioning the range of tariff rates, the MNRE Minister Pralhad Joshi said, “The range of tariffs discovered […] Read more
